Europe Animal Feed Additives Market Introduction and Overview
According to SPER Market Research, the Europe Animal Feed Additives Market is estimated to reach USD 13918.35 million by 2033 with a CAGR 5.15%.
The report includes an in-depth analysis of the Europe Animal Feed Additives Market, including market size and trends, product mix, distribution channels, and supplier analysis. Animal feed additives are nutritious compounds that are added to livestock feed. Amino acids, minerals, and other ingredients are used as feed additives. Amino acids are crucial in a variety of functions, including eating, reproduction, gastrointestinal health, and metabolism. Methionine is a form of amino acid that is mostly used in the chicken industry, whereas lysine is used in the hog industry.
- In March 2023, Volac formed a new division dedicated to feed additives as part of their efforts to help the animal feed industry worldwide meet the net-zero challenge.
- In January 2023, Nutreco and BiomEdit announced a long-term research and commercial agreement to develop and market innovative feed additives. The collaboration will mix BiomEdit's microbiome science and "bioinformatics platform" with Nutreco's feed to create novel feed additives that will boost animal nutrition.
Market Opportunities and Challenges
Opportunities: Growing Concerns about Animal Nutrition and Environmental Impact - The market has recently experienced a rise in demand for sustainable food products. Consumers' knowledge of the methods and procedures used in the food manufacturing value chain has recently increased. Consumers have also expressed dissatisfaction with animal abuse, poor hygiene in livestock production facilities, and barbaric slaughter techniques, all of which have a negative influence on health. Consumers are also becoming increasingly concerned about the environmental impact of the livestock industry. As a result, many efforts and public awareness campaigns supporting sustainable animal husbandry practices are being launched all over the world. Consumers are becoming more concerned about animal welfare and nutrition, as well as the environmental impact. All of these factors have contributed to a positive shift in the animal feed sector, driving demand for additives and serving as a market catalyst.
Challenges: The demand for animal feed additives in Europe is predicted to fall as alternative feed sources become more popular. These substances, which are frequently obtained from plants, insects, and aquatic sources, are showing to be nutritionally equivalent to standard feed additives while also providing environmental and economic advantages. For example, insect-based diets are high in protein and require less land and water than traditional feeds. Similarly, plant-based alternatives not only provide critical nutrients but also help to reduce greenhouse gas emissions connected with cattle rearing. The adoption of these alternatives is also consistent with the European Union's emphasis on sustainable farming methods and the circular economy.
Market Competitive Landscape
The industry's leading players are focused on key market tactics such as mergers, product launches, acquisitions, collaborations, and partnerships. They have also been working to expand their market reach in order to sustain their goodwill in an increasingly competitive sector. Some of the leading participants in the animal feed additives industry include Adisseo, Alltech, Inc, Archer Daniel Midland Co, BASF SE, Cargill Inc, Evonik Industries AG, IFF(Danisco Animal Nutrition), Novus International, Inc, SHV (Nutreco NV), Solvay S.A.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Additive Type, By Livestock, By Form, By Function
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| Regions covered | Germany, France, Italy, UK, Russia, and the Rest of Europe.
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| Companies Covered | Adisseo, Alltech, Inc, Archer Daniel Midland Co, BASF SE, Cargill Inc, Evonik Industries AG, IFF(Danisco Animal Nutrition), Novus International, Inc, SHV (Nutreco NV), Solvay S.A. |
COVID-19 Impact on Europe Animal Feed Additives Market
The looming coronavirus pandemic has had a detrimental impact on the market for animal feed additives. The coronavirus epidemic has disrupted the food supply chain. Feed additives are generally used to improve feed quality and productivity. People's growing health awareness and food consciousness creates a demand for high-quality animal-based foods. With the decreasing number of COVID-19 instances around the world, manufacturers in the animal feed additives market are focussing on introducing novel tactics to be financially viable. Market participants are readily contributing to the establishment of their enterprises in order to maintain economies running during the ongoing pandemic. Market companies are investing in livestock farming to boost animal-based product output.
Key Target Audience:
- Livestock Farmers
- Poultry Farmers
- Aquaculture Farms
- Animal Nutritionists
- Feed Manufacturers
- Veterinarians
- Dairy Farms
- Meat Producers
- Organic and Sustainable Farming Operations
- Research and Development Institutions
- Government and Regulatory Bodies
- E-commerce and Retailers
Our in-depth analysis of the Europe Animal Feed Additives Market includes the following segments:
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By Additive Type:
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Antioxidants
Feed enzymes
Feed acidifiers
Vitamins
Minerals
Binders
Antibiotics
Amino acids
Others
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By Livestock:
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Swine
Ruminants
Poultry
Aquatic Animals
Others
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By Form:
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Dry
Liquid
Others
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By Function:
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Single Function
Multifunction
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Key Topics Covered in the Report:
- Europe Animal Feed Additives Market Size (FY’2024-FY’2033)
- Overview of Europe Animal Feed Additives Market
- Segmentation of Europe Animal Feed Additives Market By Additive Type (Antioxidants, Feed enzymes, Feed acidifiers, Vitamins, Minerals, Binders, Antibiotics, Amino acids, Others)
- Segmentation of Europe Animal Feed Additives Market By Livestock (Swine, Ruminants, Poultry, Aquatic Animals, Others)
- Segmentation of Europe Animal Feed Additives Market By Form (Dry, Liquid, Others)
- Segmentation of Europe Animal Feed Additives Market By Function (Single Function, Multifunction)
- Statistical Snap of Europe Animal Feed Additives Market
- Expansion Analysis of Europe Animal Feed Additives Market
- Problems and Obstacles in Europe Animal Feed Additives Market
- Competitive Landscape in the Europe Animal Feed Additives Market
- Impact of COVID-19 and Demonetization on Europe Animal Feed Additives Market
- Details on Current Investment in Europe Animal Feed Additives Market
- Competitive Analysis of Europe Animal Feed Additives Market
- Prominent Players in the Europe Animal Feed Additives Market
- SWOT Analysis of Europe Animal Feed Additives Market
- Europe Animal Feed Additives Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
